A person who writes a will or creates a trust may name you as an executor or trustee. You could also become an estate administrator by court appointment. In any of these cases, you become a fiduciary with the responsibility of managing assets for someone else's...
Year: 2022
Why should you avoid taking your dispute to court?
As a business owner, one of the most stressful situations you could face is one in which you are handling a business dispute. Fortunately, there are ways of dealing with it that will make it less difficult on a whole. But what are those steps and exactly how will they...
How do you preserve business ties in a dispute?
Getting into disputes is a simple fact of life, whether these disputes happen between friends, couples or business partners. However, due to the number of assets or money that could end up involved in a business dispute, these arguments often end up getting out of...
What red flags should you look out for in a commercial lease?
Many commercial properties in Mississippi have longer lease terms than residential rentals, so it is particularly important that you understand the terms you agree to before you sign on the dotted line. When reviewing a potential commercial lease agreement, there are...
What are the terms of an oil and gas lease?
An oil and gas lease is important to protect your rights whether you are the lessee or lessor. The Mississippi State University explains there are two main parts to any oil and gas lease. Understanding each part will enable you to get the most from the agreement....
What mistakes should you avoid when choosing an executor for your will?
Choosing an executor for your will is one of the most critical steps when planning your estate. Your executor has control over paying off your debts, filing your will and distributing your assets. Picking the wrong person could slow down the process after you pass....
What should you know about environmental audits?
In many industries these days, environmental audits comprise a critical part of compliance with the government. From the start of operations, you should have a solid plan to comply with environmental audits. It is not something you can simply skate through at the last...
Is your risky business partner worth it?
Going on a business venture with a partner is often an immensely fulfilling journey. It also offers numerous benefits compared to starting off alone. However, there are some major hurdles as well. Many come into play if a person's business partner is less than ideal,...
What is a mediator’s role in disputes?
When working through a dispute with a business partner, it is important for both parties to do whatever they can to preserve the business tie. After all, a business is only as healthy as its relationship with others. One way to do that is by aiming for mediation...
What you should know before becoming executor
If a family member or close friend approaches you to propose you become the executor of their estate, you may want to do some research before agreeing to the important role. When someone asks you to oversee their estate once they pass it may seem like a compliment....